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Company is formed, donated $1 Million to Romney, gets dissolved

A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.

The existence of the million-dollar donation — as gleaned from campaign and corporate records obtained by NBC News — provides a vivid example of how secret campaign cash is being funneled in ever more circuitous ways into the political system.

The company, W Spann LLC, was formed in March by a Boston lawyer who specializes in estate tax planning for “high net worth individuals,” according to corporate records and the lawyer’s bio on her firm’s website.

The corporate records provide no information about the owner of the firm, its address or its type of business.

Six weeks later, W Spann LLC made its million-dollar donation to Restore Our Future — a new so-called “super PAC” started by a group of former Romney political aides to boost the former Massachusetts governor’s presidential bid. It listed its address as being in a midtown Manhattan office building that has no record of such a tenant.

The Boston lawyer, Cameron Casey, dissolved the company on July 12 — two weeks before Restore Our Future made its first campaign filing of the year reporting the donation from the now-nonexistent company, the corporate records show.

“I don’t see how you can do this,” said Lawrence Noble, the former general counsel of the Federal Election Commission, when asked about the contribution from the now defunct company.

If money is speech, then doesn’t a system where a few people have enormous sums of money and most people have very little mean that only a few people are able to freely express themselves?

Filed under romney campaign donations

  1. jjarichardson reblogged this from jonathan-cunningham
  2. popeanon reblogged this from jonathan-cunningham and added:
    Free Speech cost, buddy.
  3. hairtrending reblogged this from bluntlyblue
  4. rantingnraging reblogged this from jonathan-cunningham
  5. viviano reblogged this from jonathan-cunningham
  6. alexanderpf reblogged this from abcsoupdot and added:
    A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months...
  7. folkandfemme reblogged this from yesmeansyes
  8. arrestedpilgrimage answered: We all know money rules the world.
  9. justinalcon answered: Money is not speech and companies are not people. We should do something about this.
  10. abcsoupdot reblogged this from randomactsofchaos
  11. modestandroid answered: That’s exactly what it means, and that is why we are not truly a democracy or free.
  12. randomactsofchaos reblogged this from jonathan-cunningham
  13. jamessteiner answered: Everyone is able to express themsevles… but it’s like an Electoral College where your vote is based upon your disposable income. $ = votes
  14. joost5 answered: Yes. I believe that is their strategy. Money greases the gears in DC or maybe ARE the gears in these times..
  15. yesmeansyes reblogged this from jonathan-cunningham
  16. zigziggityzoo reblogged this from jonathan-cunningham
  17. other-stuff reblogged this from jonathan-cunningham
  18. blackpeoplewhitecats reblogged this from jonathan-cunningham
  19. palmtreepalmtree answered: As long as the government isn’t prohibiting or limiting speech, no. We all still have the freedom, it’s just that some voices are louder.
  20. section9 reblogged this from jonathan-cunningham
  21. thespiritofyamato reblogged this from jonathan-cunningham
  22. sdotbailey reblogged this from jonathan-cunningham and added:
    Here you go, everyone! Proof that the Supreme Court ruling which basically allows corporations to donate unlimited...
  23. shorterexcerpts answered: Not to the Roberts Court, no.
  24. obi-wankenblowme reblogged this from reafan